Joseph James is the head-trader at SchoolOfTrade.com (SOT), a trading education website based in Los Angeles, CA.

Joseph’s goal with SOT is to provide his students with the proper knowledge of how the business of day trading works, the technical analysis skills to find ...
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Joseph James is the head-trader at SchoolOfTrade.com (SOT), a trading education website based in Los Angeles, CA.

Joseph’s goal with SOT is to provide his students with the proper knowledge of how the business of day trading works, the technical analysis skills to find reliable trading opportunities, and accurate trade set-ups to give them the edge they need to earn a consistent profit in any market around the world.

Crude Oil is bullish with (what appears to be) the start of a short-covering rally off today’s lows, which tells me I need to act quickly if I want to get into a winning position before we re-test today’s high.

Crude Oil is bearish with a strong run lower to finish today’s session, and any time I see a strong move like this, I know the short-term momentum will most likely give me the opportunity to sell another leg down.